Renters insurance in Arkansas: Cost, best companies and how to save

What is the average cost of renters insurance in Arkansas?

The average cost of renters insurance in Arkansas is $385 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Best renters insurance company in Arkansas: State Farm

Among the carriers surveyed, State Farm is the best renters insurance company in Arkansas, with a top score and an average renters insurance rate of $246.

Nationwide and Auto-Owners are the other best insurance companies for renters insurance in Arkansas.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Arkansas, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Arkansas.

Cheapest renters insurance in Arkansas

Our analysis shows that Nationwide is the cheapest renters insurance company in Arkansas, with an average annual premium of $203.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Arkansas along with their average annual premiums.

Arkansas renters insurance: The least and most expensive ZIP codes

Where you live in Arkansas directly affects the cost of your renters insurance. The most expensive ZIP code in Arkansas is 72310, where the average annual premium is $447. This is $62 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 72717, offering coverage at $322 a year.

The table below shows the most and least expensive ZIP codes in Arkansas for renters insurance.

Renters insurance cost in Arkansas by city

In Arkansas, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

How to save on renters insurance in Arkansas

You can lower the cost of renters insurance in Arkansas in several simple ways without reducing the coverage you need:

• Bundle your policies. Many insurers give a discount when you purchase renters and auto insurance together.
• Increase your deductible. Selecting a higher deductible lowers your monthly or yearly premium, but you should make sure you can afford it.
• Ask about discounts. Many insurance companies offer discounts for having smoke alarms, security systems, or a claims-free history.
• Compare quotes. Since prices vary widely between companies, getting quotes from multiple insurers helps you find the best deal.
• Pay annually. Some insurers provide a small discount if you make yearly payment instead of paying monthly.